Bank of China to provide Gazprom with EUR 2 billion loan

On the part of Gazprom the agreement was signed by the Deputy Management Committee Chairman Andrey Kruglov and on the part of Bank of China Limited, London Branch – by the Deputy General Manager Wang Huabin.

Background

Bank of China is a prominent international banking group focused on banking operations, investment activities and insurance and leasing services. The total value of its assets exceeds CNY 16 trillion. A vast network of the Bank's branches spreads over 46 countries and regions worldwide.

Bank of China has the longest track-record of operations and the broadest presence in the international capital markets among Chinese commercial banks. Bank of China has been designated as a Global Systemically Important Bank for five consecutive years and is the only Chinese company listed in the Fortune Global 500 ranking for 27 straight years.